Italy wants 3% tax for big ecommerce companies

Italy has plans to introduce a so-called web tax in 2020. The Southern European country has announced plans to introduce this tax in its new budget draft. The web tax is aimed at online giants like Amazon and Google.

If the tax plans get through, major online retailers and other web companies are forced to pay a tax of 3 percent on their digital sales. With the tax, Italy wants to collect about 600 million euros per year, Orf.at writes.

Tax rule is aimed at big ecommerce companies

The tax is really aimed at bigger companies; enterprises with a turnover of at least 750 million euros and a turnover of digital services of not less than 5.5 million euros. The proposed tax rule does not only apply to the supply of goods and services online, but also to online advertising and the transmission of data collected and generated in connection with digital interfaces.